The National Credit Regulator (NCR) is a regulatory authority in South Africa that oversees and regulates the credit industry. It was established in terms of the National Credit Act (NCA) of 2005 to promote responsible lending and protect consumers in their dealings with credit providers:

1. Regulatory Authority: The NCR is responsible for the regulation and supervision of the South African credit industry. Its main objective is to ensure fair and non-discriminatory practices in credit provision and to promote access to affordable credit for consumers.

2. Registration of Credit Providers: The NCR registers and regulates various types of credit providers, including banks, micro-lenders, retailers, and other entities that provide credit to consumers. Credit providers are required to register with the NCR and comply with the provisions of the NCA.

3. Enforcement and Compliance: The NCR monitors and enforces compliance with the NCA by credit providers. It has the authority to investigate complaints, conduct inspections, and take enforcement action against credit providers who engage in unfair practices or fail to comply with the law.